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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (168751)	2/18/2021 11:55:15 PM
From: sense	Read Replies (1) \| Respond to of 219570

"Friend has joined a program that enables earning of interest on bitcoins put up as deposit, at 6% rate I understand." I think there are some obvious issues there... have been mulling them... including that "money that goes up in value"... sort of obviates the whole idea of having to pay interest to get money... when the money you get pays for getting itself... You rightly note the allure... in properly dressed terms... with "just" a bit too much cleavage showing to be entirely respectable... certainly enough to ensure everyone notices... while still refraining from saying what they're thinking... but, as no one objects... the other girls all open another button when no one is looking. The nano tech crowd used to talk about this issue in risks as the problem of the grey goo... once you start little self enabling machines in assembling neat little copies of themselves... it might turn out that you can't stop them... until everything has been converted into a mass of grey goo. Bitcoin presents a financial version of the same set of risks... only it was designed to do that on purpose... in an experiment enabled outside of the confines of a lab... with no intent to contain it... even if it turns out to have been a horrible, horrible decision to ever get it started... If it does go wrong... what might you have to do to fix it ? "Let the market work" is what its originators would say... advocating the potential utility of having a huge chunk of the worlds accumulated wealth suddenly evaporate... as a feature rather than a bug ? One unintended benefit... is that outcome might both defund... and drive a bit reflection on enabling "them" in the myriad of other similar experiments already being conducted... If Satoshi didn't actually help solve a real problem with his interesting approach... or succeed in doing it in a way that solves the problem without creating much bigger ones... then, maybe we should reflect a bit more on allowing Bill Gates to proceed in geoengineering us into "snowball earth" by fighting global warming during a mini ice age... or attempting to genetically modify us to make everyone else better align with his own personal ethos ? Bezos, though... The guy saw "The Spy Who Shagged Me" and took Meyer's portrayal of Dr. Evil as fashion advice, it seems... which has to cause a lot more concern, now that he's going to be spending time on things other than building a monopoly to take over and control all the world's shopping ? The key problem with oligarchy, it turns out... is those guys are nut jobs...